The government is aiming to raise GH¢6.491 billion in this week’s treasury bills auction.

An undersubscription was recorded in the previous auction.

This marked the first time in three weeks that the government faced a shortfall, following an ambitious target of GH¢6.413 billion.

On November 29, 2024, GH¢3.835.93 billion was raised during the auction.

According to the results released on December 2, 2024, GH¢2.949.98 billion was secured for the 91-day bill.

Meanwhile, GH¢669.37 million and GH¢216.58 million were accepted for the 182-day and 365-day bills, respectively.

Interest rates for the treasury bills stood at 27.36% for the 91-day bill, 28.09% for the 182-day bill, and 29.87% for the 365-day bill.

With no access to the international capital market, treasury bills have become the government’s main borrowing tool.